Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (shares in millions):

		Year Ended December 31,
		2022		2021		2020
Net income (loss) attributable to Avis Budget Group, Inc. for basic and diluted EPS		$	2,764	$	1,285	$	(684)
Basic weighted average shares outstanding		47.3		64.9		70.5
Options and non-vested stock		1.1		1.2		—
Diluted weighted average shares outstanding		$	48.4	$	66.1	$	70.5
Earnings (loss) per share:
	Basic	$	58.41	$	19.79	$	(9.71)
	Diluted	$	57.16	$	19.44	$	(9.71)

The following table summarizes our outstanding common stock equivalents that were anti-dilutive and therefore excluded from the computation of diluted EPS (shares in millions):

	As of December 31,
	2022	2021	2020
Non-vested stock (a)	0.2	—	1.2

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(a)The weighted average grant date fair value for anti-dilutive non-vested stock for 2022 and 2020 was $177.70 and $26.20, respectively.